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NOTE 7 – GRANT REVENUE
CHILD CARE RESOURCE CENTER, INC. (A NONPROFIT ORGANIZATION)
NOTES TO FINANCIAL STATEMENTS June 30, 2015
Grant revenue for CCRC for the years ended June 30, 2015 and 2014 was received from the following sources:
California Department of Education CalWORKs Stage II
CalWORKs Stage III
Alternative Payments
Family Child Care Home Education Networks Resource & Referral
Child and Adult Care Food Program
Other grants
Department of Health and Human Services – Administration for Children & Families
Los Angeles County – Office of Education
San Bernardino County – Preschool Service Department Los Angeles County Children and Families First
Proposition 10 Commission (First 5 LA)
Los Angeles County – Department of Public Health
Emergency Preparedness and Response Services
Los Angeles County – Department of Public Health, Los
Angeles – Reduce Obesity in Child Care Setting Child Care Alliance of Los Angeles, Gateways Other grants
Total grant revenue NOTE 8 – RETIREMENT PLANS
2015
58,178,988 33,892,072 18,334,390
2,483,741 1,618,910 629,557 154,650
24,696,977 - 152,800
1,245,016 247,173
1,250,479 733,000 588,156
$144,205,909
2014
54,872,885 30,528,419 16,249,077
2,350,330 1,615,016 635,166 155,690
14,740,836 2,658,491
-
600,698
318,978
1,274,264 490,919 357,031
$126,847,800
$
$
CCRC maintains two contributory retirement plans for its eligible employees. The plans are a defined contribution pension plan under Internal Revenue Code Section 403(b) that is available to all of its employees with at least ninety days of employment and a defined contribution plan under Section 457(b) that is available to eligible executive management employees. During the years ended June 30, 2015 and 2014, CCRC made discretionary employer contributions to these plans totaling $596,270 and $310,638, respectively, and is recorded within “employee benefits” in the accompanying statements of functional expenses.
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